Understanding the impact of travel on wellbeing: evidence for Great Britain during the pandemic

Emmanuel Mamatzakis and E Mamatzakis

MPRA Paper from University Library of Munich, Germany

Abstract: This study examines the impact of the COVID-19 on the wellbeing of individuals in Great Britain, as measured by life satisfaction and happiness, by analysing the dramatic drop in travel during this time. The Bayesian VAR model considers a range of exogenous and endogenous variables, including COVID-19, modes of transportation, and wellbeing variables. Results indicate that shocks in COVID-19 have a negative impact on travel, which subsequently affects wellbeing. However, there is limited evidence to suggest that COVID-19 responses to shocks in various forms of transportation have a significant impact on COVID-19 outcomes. Additionally, the study provides forecasts for key endogenous variables, which can inform evidence-based policymaking during the pandemic. The study emphasizes the importance of considering the relationship between travel and wellbeing amidst the pandemic and highlights the need for policies that balance the public health risks of travelling with the benefits of mobility and travel for wellbeing.

Keywords: Wellbeing; Travel in Great Britain; Covid 19; Bayesian VAR. (search for similar items in EconPapers)
JEL-codes: I0 M0 Z0 (search for similar items in EconPapers)
Date: 2022-05-06
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Related works:
Working Paper: Understanding the impact of travel on wellbeing: evidence for Great Britain during the pandemic (2022)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:121782

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